Careers in Pharmaceutical and Supply Chain Management

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Careers in Pharmaceutical and Supply Chain

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The Indian pharmaceutical industry has demonstrated continuous growth in double digit CAGR with export sales as much as domestic consumption. The size of India's pharmaceutical market is INR 1.8 Lakhs Crore, witnessing an equal contribution from the domestic and foreign manufacturers. Over the past five years, the industry has seen a CAGR of 14%. This sector is recession free as medicines and health products are basic needs. There are over 10,500 registered manufacturing units which cover almost every therapeutic category of drugs, out of which around 8000 formulation plants produce generic medicines.

These formulation plants are self-sufficient. India has one of the best developed pharmaceutical industries and produces about 20 per cent of the world's drugs.

Over 500 manufacturing plants in the country have US FDA approval which is second only to US.


Over 1000 companies are WHO GMP approved. India is among the top five producers of bulk drugs in the world, 3rd in (10% in global sales) terms of volume and 14th (1.5%) in terms of value. Some lifesaving, new generation technology patented drugs which are largely imported, make up approximately 8% of total market sales in India and thus, 92 % of Indian drugs market is out of patent. On account of providing highly significant proportion of cost-effective quality medicines under internationally funded programs in HIV/AIDS, Tuberculosis and Malaria and otherwise as well, India is regarded as the "Pharmacy of the Developing World".



Vision2020According to Mohammad Ameel, associated with Healthcare Technologies in the Ministry of Health and Family Welfare, the Indian pharmaceutical industry aspires to become double its size by 2020 under 'Make in India' initiative with a specific focus on the bulk drug sector.

Challenges in Medical Devices IndustryThe medical devices industry is estimated to become USD 7 billion, and India may account for domestic production only in the low tech equipment(s) category.

Medical Equipment Manufacturing and suppliesIndia is already has the presence of world's leading medical equipment suppliers and manufacturing companies like Johnson & Johnson (J&J), GE Healthcare, Siemens and Boston Consultants which have not only established manufacturing facilities in the country but have also invested a lot in research and development in the country.


Opportunities associated with IPR, Health Promotion and Supply Chain Management

Constant upgradation of the regulatory standards by the ICH counties (more significantly USFDA and EU MHRA) has made pharmaceutical industry more complex and competitive in the past decade as the industry is required to match their specifications to sustain growth in profits through exports. Some of the most exciting advances in healthcare have been the result of research and development efforts of pharmaceutical companies, biotech firms and medical device makers. These life-enhancing discoveries have fueled amazing growth in pharmaceutical industry, creating a new demand for talented, motivated individuals with a special knowledge of the pharmaceutical sector. Managing Intellectual Property Rights (IPR) related issues under Regulatory divisions of the pharmaceutical companies and health promotion through nutraceuticals require additional talents and skills.


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Careers in Pharmaceutical and Supply Chain Management

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